Website: Prep Champs
Interview With: Dean Bundschu
Is their more then one founder? If so, who are they?
Dean Bundschu, Founder & CEO. Co-founder of InTheNumbers; Orion Int’l; US Army Officer; BS ONU
Hal Fisher, Founder & Dir. Marketing. Founder of MilitaryStars, largest US Military Career Fair Company in US; serial entrepreneur & marketing expert
Jay Kerr, Founder & Dir. of Strategy. Consultant for Northrop Grumman, Titan, Deloitte, PepsiCo. Air Force Officer; MBA
Bryan Minihan, CTO. CTO, SpeedGreetings.com; extensive web apps dev at Accenture, GSK, The Nature Company
Gary Hayes – CFO: 30 year veteran software and technology services CFO (DCS, F- Origin, Ateb, Koz.com, SAGA)
What is your background and qualifications?
Prior to founding PrepChamps, Dean was a co-founder of InTheNumbers, a North Carolina based company providing foreclosure data to the real estate market. He also worked for Orion International, a recruiting and consulting firm, where he was consistently a top performer, responsible for Fortune 1000 Companies. Prior to venturing into the business world, Dean served for 6 years as an Officer in the United States Army. This service included a combat tour in support of Operation Iraqi Freedom, where he commanded a 120+ soldier HQ Company. Dean’s highly effective sales and marketing skills, corporate business experience and leadership ability complement his entrepreneurial interests. Dean attended Ohio Northern University on a full ROTC scholarship where he graduated with a bachelor’s degree in Political Science.
What does your website do?
PrepChamps (PC) combines sports, video, media, social communications and real-time events to build communities around high school athletes, coaches, fans, parents, their sports, communities and institutions. The platform enables athletes to create player profiles, upload highlight films and statistics; creating a viewable, searchable and shareable database for college recruiters and fans alike. College recruiters benefit from centralized recruiting workflow/tools – connecting with, tracking, and verifying eligibility for prospective recruits, through platform and via offline events. PC model is able to generate scalable multi-channel recurring revenue through advertising, events, online subscriptions, mobile and retail within a $2.1 billion high school recruiting market. PC hosts off-line high school athletic combines & tournaments, has structured successful partnerships with Reebok/Driven Athletics, D1 Sports, Five-Star Basketball and Wazoo Sports. Aggressive marketing strategy has produced solid ROI and very low CPA has allowed PC to grow very rapidly. Offline partnerships provide barriers to entry, strong branding and additional revenue streams. Currently projecting 125,000 monthly uniques and 30,000 registered users by July to grow content and revenue.
How have your marketed your site?
PrepChamps believes that activity breeds activity, so we are simultaneously initiating numerous Internet marketing campaigns, targeting and leveraging the power of social platforms like Facebook, MyYearbook, eSpin and MySpace to drive a high volume of users to our site. Our web-based marketing plan is based on Five core strategies: CPA Direct
Advertising, Website Optimization, Affiliate Programs, User-Based Viral Marketing, and Permission-Based Email Marketing.
Funding: Self funded, Angel Investment, or Venture Capital?
PrepChamps was funded with a total investment of $150,000 by the founders. The company recently raised a total of $1,200,000 in seed funding.
Are You currently looking for funding?
Yes. Currently in the process of large Series B equity-based capital raise.
What type(s) of technology do you use?
PrepChamps initial Beta test platform was completed in July 2007, and the 2.0 version was launched in early March, 2008. The full production application leverages Ruby on Rails on a Linux/MySQL platform to deliver fully-tested, scalable components and features designed for high-capacity, load-balanced, fault-tolerant social networking capabilities. The video delivery system leverages Amazon Simple Storage Solutions to offload high-volume, lengthy video uploads and viewing from the core application. The core application delivers custom features in small widgets on each page to the four primary user-types (Athletes, Coaches, Fans and Visitors), as well as site-wide capabilities across the platform, including blogs, forums, search, favorites, messaging, etc.
What is your favorite feature on your website?
NCAA Clearing House Checklist
Any Bold Predictions for Sports and Technology in the future?
Websites that rely exclusively on a advertisement based revenue model will have to adapt to a changing environment or fail. Advertising is moving from a CPM basis to a CPC and eventually to a lead generation model. Therefore websites will need to effectively mine behavioral based data within their platform in order to effectively provide targeted advertising to their users. This type of advertising will need to add to the user experience, rather than clutter the experience.
Websites that can aggregate content on a local or better yet a hyper-local level will be able to succeed within this changing environment. Very few sites can generate sufficient adverting revenue within a short period of time. The days where you could command a high valuation based on website traffic are numbered. Internet companies that can find various ways to monetize their communities will be a lot more successful than ad driven models.